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Nephila funds hit $10bn
Bermudian insurance-linked securities (ILS) fund manager Nephila Capital increased its assets under management by a quarter to $10bn in 2013, its private equity backer KKR's fourth quarter results have shown.
07 February 2014
Tower CEO Lee quits
Michael Lee, the chairman and chief executive of embattled US carrier Tower Group, has resigned weeks after the company accepted a $172mn takeover offer from Michael Karfunkel's ACP Re
07 February 2014
Alok Singh resigns from Validus board
Validus Holdings has announced that Alok Singh has resigned from its board with immediate effect
07 February 2014
Validus victorious in cascading tax test case against IRS
Validus Re has thwarted the US government in a dispute with the Internal Revenue Service (IRS) over a $435,380 tax bill it was forced to pay on retrocession cover.
07 February 2014
Reinsurance helps offset deteriorating Q4 for insurance at Aspen
A strong performance in its reinsurance business in the fourth quarter helped Aspen Insurance Holdings (AIH) offset a deteriorating combined ratio in insurance, driven by losses in its non-US marine, energy and transportation and casualty business
07 February 2014
Montpelier Re in strong earnings beat
Montpelier Re reported a strong earnings beat for the fourth quarter and become the latest reinsurer to proclaim that it is happy with the outcome of the 1 January renewals, despite challenging conditions.
07 February 2014
Endurance profits on changing business mix
Endurance Specialty reported fourth quarter results that reflected the ongoing transformation of the Bermudian since John Charman arrived at the helm last year.
07 February 2014
January US winter weather to cost insurers $1.5bn+
After a relatively benign year for US weather-related losses, insurers face claims of more than $1.5bn in January alone from the cold spell that continues to grip the country, according to Aon Benfield.
07 February 2014
Bermuda Roundtable 2013/14
On the face of it, Bermuda's established cadre of (re)insurers might be forgiven for looking back on 2013 as a golden year
06 February 2014
US tapering to hinder ILS growth: Kessler
The insurance linked securities (ILS) market owes its rapid growth to rock-bottom interest rates in the US, and faces a slowdown once borrowing costs rise again, according to Denis Kessler, chief executive of French reinsurer Scor.
06 February 2014
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